Techmeme
May 4, 2022, 8:20 PM

Top News

Stephen Totilo / Axios:
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company  —  Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company …
Chris Welch / The Verge:
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio  —  Sonos will roll out its most important service yet on June 1st  —  Sonos is preparing to introduce its own voice assistant service within …
Greg Iacurci / CNBC:
Intuit agrees to pay $141M in restitution to nearly 4.4M US customers charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC  —  - Intuit, which owns TurboTax, has agreed to pay $141 million in restitution to 4.4 million low-income customers who were charged …
Ingrid Lunden / TechCrunch:
Stripe launches Financial Connections to let its customers pull their users' banking data directly, debuting first in the US for $0.10 to $1.50 per API call  —  Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced …
Kyle Alspach / Protocol:
GitHub plans to require two-factor authentication for developers who contribute code by the end of 2023; ~16.5% of active GitHub users currently use 2FA  —  GitHub announced that it will require developers who contribute code to the repository to use two-factor authentication by the end of 2023 …
Janko Roettgers / Protocol:
Cameo lays off 87 employees, or ~25% of its workforce; source: the chief technology officer, chief product officer, and chief people officer were among the 87  —  Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
Jessica Bursztynsky / CNBC:
Uber Q1: revenue up 136% YoY to $6.85B, a $5.9B net loss due to equity investments, gross bookings up 35% to $26.4B, and mobility revenue beat delivery revenue  —  - Uber reported first-quarter earnings before the bell Wednesday.  — Mobility revenues have finally surpassed delivery revenues, as travel rebounds.
Tomio Geron / Protocol:
Robinhood launches Stock Lending, which gives retail investors the option to let Robinhood lend out any fully paid stocks in their portfolio for extra income  —  Small investors will be able to lend out stocks that they own on Robinhood through a new service at the upstart brokerage.
Sarah Perez / TechCrunch:
TikTok plans to launch Pulse, its first ad product with revenue sharing, in June 2022, offering US creators and publishers with 100K+ followers a 50/50 split  —  TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok.
Nilay Patel / The Verge:
A Q&A with Tony Fadell on his new book, Google's “culture of perks”, why he says “fuck the metaverse”, creating and selling the iPod, iPhone, and Nest, and more  —  Tony Fadell was instrumental in the development of the iPod and iPhone at Apple and then co-founded Nest Labs …
Benjamin Pimentel / Protocol:
Reuters:
NYSE-parent ICE announced plans to buy Black Knight, the mortgage-lending software and data analytics company, for $13.1B; Black Knight's stock closed up 14.47%  —  New York Stock Exchange-parent Intercontinental Exchange (ICE.N) said on Wednesday it will acquire Black Knight (BKI.N) …

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